Payment Beneficiary definition

Payment Beneficiary means a Payment Merchant who is designated by you to receive payment via a Payment Service.
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Payment Beneficiary means a natural or legal person who is the payee in the context of a Payment Transaction;
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Examples of Payment Beneficiary in a sentence

  • Consider ethical AI questions at the beginning of your machine learning journey for fair risk decisions.

  • Once per 12-month period, System Owners may request a change to the Payment Beneficiary form on file with the EDC or the EDC’s Payment Vendor.

  • For the Buy-All Tariff, a Payment Beneficiary, other than a Customer of Record, can be designated to receive a percentage of the total tariff compensation.

  • Payments to Tariff Payment Beneficiaries shall be made in accordance with the payment instructions in the Attachment 2: Tariff Payment Beneficiary Form.

  • In the event that a Bidder’s REC price is negative, as indicated in the Cover Sheet, an invoice for negative REC payments will be issued to the Tariff Payment Beneficiary in March of each calendar year.

  • Of course, simply building new student housing will not alone cause the projected demand to be achieved.Scion’s observation is that successful campus housing relies on the right combination of physical, aesthetic, operating and programmatic elements to meet student and College expectations.

  • In addition, the original Customer, new Customer of Record, and Tariff Payment Beneficiary shall sign and provide an updated Tariff Payment Beneficiary Form thirty days before the transfer is scheduled to occur.

  • Incentive payments can be split between Monetary On-Bill Credits applied to Customer of Record’s main on- premise billing account and Direct Payments to the Payment Beneficiary.

  • Such initial Tariff Payment Beneficiary must be designated at the time of Bid submission.

  • These fees may be deducted from the next REC Payment or Direct Payment provided to the Payment Beneficiary or may be paid through another EDC- approved process.

Related to Payment Beneficiary

  • Contingent Beneficiary is the person that becomes the Beneficiary if the named Beneficiary dies prior to the Income Date.

  • Refund beneficiary means an individual nominated by a qualified participant or a former qualified participant under section 66 to receive a distribution of the participant's accumulated balance in the manner prescribed in section 67.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • SERP Benefit means the benefit described in Section 5.1.

  • Termination Benefit means the benefit set forth in Article 7.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • primary beneficiary means the individual for whose primary benefit the trust is then held. For purposes of Section 8.3, a Qualified Entity is a member of each Family Group to which such one or more Qualified Trusts that are its equity holders belong.

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Remainder beneficiary means a person entitled to receive principal when an income interest ends.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Accrued Benefit have the meanings specified in ERISA.

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Beneficiary means each designated person, or the estate of the deceased Executive, entitled to benefits, if any, upon the death of the Executive, determined according to Article 4.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Disability Benefit means the benefit set forth in Article 8.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • life annuity means “life annuity contract” as defined in Pension Legislation that conforms with the Act and Pension Legislation;